Aberdeen transport fund completes £230m LGPS buy-in with Rothesay

James Phillips
clock • 2 min read
Around three quarters of the Aberdeen fund's members are covered
Image:

Around three quarters of the Aberdeen fund's members are covered

The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.

The transaction insures the payments for 1,360 pensioner members who worked with FirstGroup as part of the city's public transport provision, covering around 77% of total liabilities. As well as...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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